According to the European Steel Federation (Eurofer), local scrap prices in the European Union (EU) in August followed a mild uptrend, indicated increases of over three percent compared to July. The year-on-year comparison is negative for all scrap qualities, but particularly for new arisings:
| EU scrap prices index, Aug 2012 | |||
| Quality | Value | Variation m-o-m (%) | Variation y-o-y (%) |
| Demolition scrap (E3) | 300 | +3.8 | -8.53 |
| New arisings (E2/E8/E6) | 298 | +3.11 | -11.57 |
| Shredded (E40) | 295 | +3.5 | -8.09 |
As regards the indexes for the first eight months of 2012, the year-on-year price reduction for new arisings at 8.49 percent is almost double the decreases seen for demolition scrap and shredded.
| EU scrap prices index, Jan-Aug 2012 | ||
| Quality | Value | Variation y-o-y (%) |
| Demolition scrap (E3) | 315.12 | -4.47 |
| New arisings (E2/E8/E6) | 309.62 | -8.49 |
| Shredded (E40) | 310.87 | -4.23 |
Note: 2001 average=100, indexes are based on €/mt average prices in France, Germany, Italy, Spain and United Kingdom.